Vault-13

PROSHARES TR QLD

PSHS ULTRA QQQ · ETP · CUSIP 74347R206

211 institutional holders +20 vs Q3 2025
21,956,70522.0m shares reported held*
$1.5bnreported value*
26 new 58 added 63 reduced 15 sold out net sold ≈ $14.6m (-219.0k shares)

Q3 2025 share counts are adjusted for a 2-for-1 stock split, so holders aren't shown as buying or selling because of it.

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.38. Options: 7 managers hold calls ($194.9m notional), 4 hold puts ($94.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 102Q4 22: 109Q1 23: 120Q2 23: 132Q3 23: 137Q4 23: 160Q1 24: 161Q2 24: 166Q3 24: 171Q4 24: 198Q1 25: 171Q2 25: 191Q3 25: 191Q4 25: 211211Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022102
Q4 2022109
Q1 2023120
Q2 2023132
Q3 2023137
Q4 2023160
Q1 2024161
Q2 2024166
Q3 2024171
Q4 2024198
Q1 2025171
Q2 2025191
Q3 2025191
Q4 2025211

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 69 bought or addedQ1 24: 70 cut or sold outQ2 24: 63 bought or addedQ2 24: 66 cut or sold outQ2 24Q3 24: 68 bought or addedQ3 24: 63 cut or sold outQ4 24: 74 bought or addedQ4 24: 64 cut or sold outQ4 24Q1 25: 58 bought or addedQ1 25: 84 cut or sold outQ2 25: 96 bought or addedQ2 25: 63 cut or sold outQ2 25Q3 25: 77 bought or addedQ3 25: 80 cut or sold outQ4 25: 84 bought or addedQ4 25: 78 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246970
Q2 20246366
Q3 20246863
Q4 20247464
Q1 20255884
Q2 20259663
Q3 20257780
Q4 20258478

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ1 25 calls: $89.9mQ1 25 puts: $26.9mQ1 25P/C 0.30Q2 25 calls: $192.7mQ2 25 puts: $70.4mQ2 25P/C 0.37Q3 25 calls: $217.4mQ3 25 puts: $75.3mQ3 25P/C 0.35Q4 25 calls: $194.9mQ4 25 puts: $94.1mQ4 25P/C 0.48
Numbers
QuarterCallsPutsP/C
Q1 2025$89.9m$26.9m0.30
Q2 2025$192.7m$70.4m0.37
Q3 2025$217.4m$75.3m0.35
Q4 2025$194.9m$94.1m0.48

Biggest buyers

CITADEL ADVISORS LLC Added +463,464+463.5k
Global View Capital Management LLC Added +134,929+134.9k
Jump Financial, LLC New +91,687+91.7k
Wealthcare Advisory Partners LLC New +85,710+85.7k
Creative Planning Added +65,618+65.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +54,316+54.3k
MERCER GLOBAL ADVISORS INC /ADV Added +47,556+47.6k
IMC-Chicago, LLC New +42,818+42.8k
Arax Advisory Partners New +35,192+35.2k
Cambridge Investment Research Advisors, Inc. Added +31,509+31.5k

Biggest sellers

Howard Capital Management, LLC Reduced -291,636-291.6k
CWM, LLC Reduced -248,220-248.2k
Westwood Wealth Management Sold out -218,110-218.1k
REGIONS FINANCIAL CORP Reduced -151,287-151.3k
UBS Group AG Reduced -107,892-107.9k
CROWLEY WEALTH MANAGEMENT, INC. Sold out -89,740-89.7k
RIA Advisory Group LLC Reduced -74,070-74.1k
Main Street Group, LTD Reduced -55,446-55.4k
TOTH FINANCIAL ADVISORY CORP Reduced -42,950-43.0k
Tempus Wealth Planning, LLC Reduced -38,153-38.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $106.0m1.5m shares
CITADEL ADVISORS LLC Reduced $30.6m434.6k shares
IMC-Chicago, LLC Added $24.4m346.8k shares
JANE STREET GROUP, LLC Reduced $24.1m342.6k shares
GROUP ONE TRADING LLC Added $8.5m121.0k shares
Walleye Trading LLC New $605.5k8.6k shares
Squarepoint Ops LLC Unchanged $563.3k8.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $46.9m665.6k shares
CITADEL ADVISORS LLC Added $25.8m366.8k shares
JANE STREET GROUP, LLC Added $21.1m299.4k shares
Squarepoint Ops LLC Unchanged $323.9k4.6k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 11.19% of their portfolio Alpharetta, GA 12,277,70612.3m $864.5m $864.5m 11.19% Reduced -291.6k -291,636
2 Global View Capital Management LLC 23.66% of their portfolio WAUKESHA, WI 1,802,5251.8m $126.9m $126.9m 23.66% Added +134.9k +134,929
3 Main Street Group, LTD 25.24% of their portfolio GLEN ALLEN, VA 1,039,1761.0m $73.2m $73.2m 25.24% Reduced -55.4k -55,446
4 Clearstead Trust, LLC 8.11% of their portfolio PORTLAND, ME 731,539731.5k $51.5m $51.5m 8.11% Added +8.6k +8,633
5 Focus Financial Network, Inc. 1.47% of their portfolio MINNEAPOLIS, MN 599,334599.3k $42.2m $42.2m 1.47% Added +188 +188
6 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 568,776568.8k $40.0m $40.0m 0.03% Added +463.5k +463,464
7 TOTH FINANCIAL ADVISORY CORP 2.01% of their portfolio LEESBURG, VA 262,628262.6k $18.5m $18.5m 2.01% Reduced -43.0k -42,950
8 Dedeker Financial LLC 15.96% of their portfolio ST. LOUIS PARK, MN 253,178253.2k $17.8m $17.8m 15.96% First filing
9 Dale Q Rice Investment Management Ltd 12.07% of their portfolio VANCOUVER, WA 239,454239.5k $16.9m $16.9m 12.07% Reduced -7.0k -6,982
10 REGIONS FINANCIAL CORP 0.07% of their portfolio BIRMINGHAM, AL 147,001147.0k $10.4m $10.4m 0.07% Reduced -151.3k -151,287
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 141,071141.1k $9.9m $9.9m 0.00% Added +15.7k +15,733
12 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 136,905136.9k $9.6m $9.6m 0.01% Added +13.5k +13,465
13 GenWealth Group, Inc. 1.67% of their portfolio Maplewood, NJ 135,127135.1k $9.8m $9.8m 1.67% Reduced -713 -713
14 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 132,214132.2k $9.3m $9.3m 0.01% Added +65.6k +65,618
15 HUB Investment Partners, LLC 0.24% of their portfolio AUSTIN, TX 127,047127.0k $8.9m $8.9m 0.24% Added +13.3k +13,295
16 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 119,256119.3k $8.5m $8.5m 0.01% Added +47.6k +47,556
17 Connective Capital Management, LLC 4.38% of their portfolio PALO ALTO, CA 105,918105.9k $7.5m $7.5m 4.38% Unchanged
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 103,426103.4k $7.3m $7.3m 0.01% Added +54.3k +54,316
19 Mesirow Financial Investment Management, Inc. 0.13% of their portfolio CHICAGO, IL 92,20092.2k $6.5m $6.5m 0.13% Reduced -2.0k -2,000
20 Jump Financial, LLC 0.08% of their portfolio Chicago, IL 91,68791.7k $6.5m $6.5m 0.08% New
21 Bryn Mawr Trust Advisors, LLC 0.29% of their portfolio PHILADELPHIA, PA 86,70086.7k $6.1m $6.1m 0.29% Reduced -270 -270
22 Wealthcare Advisory Partners LLC 0.12% of their portfolio WEST CHESTER, PA 85,71085.7k $6.0m $6.0m 0.12% New
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 84,62584.6k $6.0m $6.0m 0.01% Added +2.2k +2,241
24 Turner Capital Investments, LLC 4.96% of their portfolio AUSTIN, TX 84,39684.4k $4.4m $4.4m 4.96% First filing
25 Marshall Financial Group, LLC 0.99% of their portfolio Hunt Valley, MD 72,26572.3k $5.1m $5.1m 0.99% Reduced -20.6k -20,559
26 Mariner, LLC 0.01% of their portfolio Overland Park, KS 66,33266.3k $4.7m $4.7m 0.01% Reduced -3.4k -3,408
27 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 63,37263.4k $4.5m $4.5m 0.01% Added +3.0k +2,952
28 SBI Securities Co., Ltd. 0.11% of their portfolio TOKYO, M0 60,94060.9k $4.3m $4.3m 0.11% Added +18.2k +18,224
29 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 59,55859.6k $4.2m $4.2m 0.01% Unchanged
30 Composition Wealth, LLC 0.06% of their portfolio LOS ANGELES, CA 54,59454.6k $3.8m $3.8m 0.06% Added +554 +554
31 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 53,56053.6k $3.8m $3.8m 0.02% Unchanged
32 Tempus Wealth Planning, LLC 0.86% of their portfolio IRVINE, CA 53,30153.3k $3.8m $3.8m 0.86% Reduced -38.2k -38,153
33 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 53,08953.1k $3.7m $3.7m 0.01% Added +31.5k +31,509
34 SteelPeak Wealth, LLC 0.12% of their portfolio WOODLAND HILLS, CA 52,22952.2k $3.7m $3.7m 0.12% Reduced -1 -1
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 48,31048.3k $3.4m $3.4m 0.00% Reduced -107.9k -107,892
36 Sowell Financial Services LLC 0.12% of their portfolio NORTH LITTLE ROCK, AR 46,86346.9k $3.3m $3.3m 0.12% Reduced -859 -859
37 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 46,15146.2k $3.2m $3.2m 0.03% Added +21.5k +21,539
38 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 45,50045.5k $3.2m $3.2m 0.00% Unchanged
39 IMC-Chicago, LLC 0.05% of their portfolio CHICAGO, IL 42,81842.8k $3.0m $3.0m 0.05% New
40 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 38,65838.7k $2.7m $2.7m 0.00% Added +274 +274
41 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 35,73935.7k $2.5m $2.5m 0.01% Reduced -4.9k -4,855
42 Arax Advisory Partners 0.07% of their portfolio NEW YORK, NY 35,19235.2k $2.5m $2.5m 0.07% New
43 RIA Advisory Group LLC 0.59% of their portfolio Des Moines, IA 34,82034.8k $2.5m $2.5m 0.59% Reduced -74.1k -74,070
44 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,39634.4k $2.4m $2.4m 0.00% Reduced -1.0k -1,040
45 PMV Capital Advisers, LLC 4.27% of their portfolio DALLAS, TX 33,28833.3k $2.3m $2.3m 4.27% Added +3.8k +3,788
46 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 32,83432.8k $2.3m $2.3m 0.00% Reduced -192 -192
47 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 31,14431.1k $2.2m $2.2m 0.01% Added +4 +4
48 Rollins Financial Advisors, LLC 0.30% of their portfolio ATLANTA, GA 29,42729.4k $2.1m $2.1m 0.30% Added +1.4k +1,383
49 Discipline Wealth Solutions, LLC 0.38% of their portfolio GREENVILLE, SC 29,39829.4k $2.1m $2.1m 0.38% Added +11.0k +11,038
50 Beacon Capital Management, Inc. 0.11% of their portfolio DAYTON, OH 29,38329.4k $2.1m $2.1m 0.11% Added +18.8k +18,831
51 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 29,27529.3k $2.1m $2.1m 0.00% Added +23.1k +23,105
52 Richmond Brothers, Inc. 1.31% of their portfolio JACKSON, MI 29,15229.2k $2.1m $2.1m 1.31% Added +17.4k +17,370
53 Castleview Partners, LLC 0.99% of their portfolio DALLAS, TX 28,48228.5k $2.0m $2.0m 0.99% Reduced -11.0k -10,986
54 DONALDSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio EVANSVILLE, IN 28,00028.0k $2.0m $2.0m 0.06% Unchanged
55 Harvest Investment Services, LLC 0.37% of their portfolio Oakbrook Terrace, IL 27,61227.6k $1.9m $1.9m 0.37% Reduced -1.4k -1,410
56 Latitude Advisors, LLC 0.85% of their portfolio YORKVILLE, IL 27,43927.4k $1.9m $1.9m 0.85% Added +2.1k +2,089
57 WOODWARD DIVERSIFIED CAPITAL, LLC 0.86% of their portfolio BAKERSFIELD, CA 26,51926.5k $1.9m $1.9m 0.86% Added +3.3k +3,283
58 GTS SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 26,48626.5k $1.9m $1.9m 0.06% New
59 Meridian Wealth Management, LLC 0.06% of their portfolio LEXINGTON, KY 26,22026.2k $1.8m $1.8m 0.06% Added +92 +92
60 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 24,75924.8k $1.7m $1.7m 0.01% Added +3.0k +3,033
61 GeoWealth Management, LLC 0.06% of their portfolio CHICAGO, IL 24,18324.2k $1.7m $1.7m 0.06% Added +343 +343
62 Innova Wealth Partners 0.81% of their portfolio NEWTOWN, PA 22,81622.8k $1.6m $1.6m 0.81% Reduced -1.1k -1,120
63 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 21,24021.2k $1.5m $1.5m 0.01% Added +17.8k +17,750
64 Permanens Capital L.P. 0.19% of their portfolio NEW YORK, NY 20,75020.8k $1.5m $1.5m 0.19% Added +3.5k +3,540
65 Cassaday & Co Wealth Management LLC 0.03% of their portfolio MCLEAN, VA 20,52220.5k $1.4m $1.4m 0.03% Reduced -100 -100
66 180 WEALTH ADVISORS, LLC 0.16% of their portfolio FEDERAL WAY, WA 19,97920.0k $1.4m $1.4m 0.16% Reduced -22.8k -22,827
67 Parsonex Advisory Services, Inc. 0.86% of their portfolio ENGLEWOOD, CO 19,23619.2k $1.4m $1.4m 0.86% Reduced -1.1k -1,058
68 WESBANCO BANK INC 0.04% of their portfolio WHEELING, WV 19,20019.2k $1.4m $1.4m 0.04% Unchanged
69 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 18,00918.0k $1.3m $1.3m 0.00% New
70 Legacy Wealth Managment, LLC/ID 0.60% of their portfolio BOISE, ID 17,75617.8k $1.3m $1.3m 0.60% Reduced -4.2k -4,236
71 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 16,97917.0k $1.2m $1.2m 0.03% Reduced -12.4k -12,441
72 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 16,86316.9k $1.2m $1.2m 0.01% Reduced -9.7k -9,701
73 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 16,57016.6k $1.2m $1.2m 0.04% Reduced -2.8k -2,800
74 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 16,29616.3k $1.1m $1.1m 0.02% Reduced -382 -382
75 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 16,26616.3k $1.1m $1.1m 0.00% Unchanged
76 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 15,71615.7k $1.1m $1.1m 0.00% Added +10.0k +10,026
77 PGIM Custom Harvest LLC 0.02% of their portfolio NEWARK, NJ 15,00015.0k $1.1m $1.1m 0.02% New
78 Brooklyn Investment Group 0.05% of their portfolio NEW YORK, NY 14,86214.9k $1.1m $1.1m 0.05% New
79 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.30% of their portfolio Phoenix, AZ 14,57014.6k $1.0m $1.0m 0.30% Unchanged
80 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 14,31414.3k $1.0m $1.0m 0.03% Reduced -27.6k -27,570
81 AmeriServ Wealth Advisors 0.58% of their portfolio Johnstown, PA 14,07514.1k $991.0k $991.0k 0.58% Reduced -1.0k -1,041
82 MINDSET WEALTH MANAGEMENT, LLC 0.26% of their portfolio INDIANAPOLIS, IN 14,02814.0k $987.7k $987.7k 0.26% Unchanged
83 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 13,91613.9k $979.8k $979.8k 0.02% Reduced -82 -82
84 Atlatl Advisers LLC 0.37% of their portfolio MADISON, WI 13,83813.8k $974.3k $974.3k 0.37% Added +930 +930
85 GROUP ONE TRADING LLC 0.03% of their portfolio CHICAGO, IL 13,82013.8k $973.1k $973.1k 0.03% Reduced -26.9k -26,866
86 Prosperity Wealth Management, Inc. 0.31% of their portfolio San Ramon, CA 13,26113.3k $933.7k $933.7k 0.31% Reduced -27 -27
87 Global Financial Private Client, LLC 0.32% of their portfolio Sarasota, FL 12,86412.9k $905.8k $905.8k 0.32% Unchanged
88 CPR Investments Inc. 0.62% of their portfolio Rochester, MI 12,67312.7k $925.9k $925.9k 0.62% Added +6.0k +5,955
89 Galvin, Gaustad & Stein, LLC 0.07% of their portfolio Scottsdale, AZ 12,36012.4k $870.3k $870.3k 0.07% Added +1.2k +1,200
90 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 12,21012.2k $859.7k $859.7k 0.00% Reduced -130 -130
91 United Advisor Group, LLC 0.10% of their portfolio CINCINNATI, OH 11,56211.6k $814.1k $814.1k 0.10% New
92 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 11,46611.5k $807.3k $807.3k 0.01% Added +2.2k +2,232
93 Virtue Capital Management, LLC 0.12% of their portfolio BRENTWOOD, TN 11,11211.1k $779.0k $779.0k 0.12% Reduced -2.0k -2,020
94 Genesis Financial Group, LLC 0.43% of their portfolio PARAMUS, NJ 10,61010.6k $747.0k $747.0k 0.43% First filing
95 Koshinski Asset Management, Inc. 0.05% of their portfolio DECATUR, IL 10,25110.3k $721.8k $721.8k 0.05% Added +1.6k +1,635
96 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 10,00010.0k $704.1k $704.1k 0.00% Reduced -4.5k -4,512
97 Betterment LLC 0.00% of their portfolio NEW YORK, NY 9,98810.0k $703.0k $703.0k 0.00% New
98 HBW ADVISORY SERVICES LLC 0.08% of their portfolio SIMI VALLEY, CA 9,8279.8k $691.9k $691.9k 0.08% Added +1.2k +1,159
99 Banque Cantonale Vaudoise 0.02% of their portfolio LAUSANNE, V8 9,6009.6k $676.0k $676.0k 0.02% Unchanged
100 CENTRAL VALLEY ADVISORS, LLC 0.20% of their portfolio SACRAMENTO, CA 9,6009.6k $675.9k $675.9k 0.20% Unchanged